Measuring Performance of EU Member States’ Skills Systems and Prioritising Skill Mismatches
The aim of this project was to assess the performance of EU Member States’ skills systems and to provide early warning signals of the presence of skill mismatches in occupations of priority economic relevance.
To this end, the purpose of this project was twofold:
(1) to develop a methodology and a policy tool – a skills monitoring index – that can be used to evaluate the performance of EU Member States’ skills systems (e.g. in terms of skill development, activation and utilisation);
(2) to use a ‘risk-based approach’ in order to identify and prioritise occupations that are susceptible to skill mismatch (i.e. skill shortages or surpluses) and are of high economic importance in each EU Member State.
To achieve these goals at both country and occupational level, the proposed system exploited (and combined in the form of suitable composite indices) a set of informative and transparent quantitative indicators of skills (e.g. skill demand, skill supply and skill utilisation) along with qualitative inputs.
The project was coordinated by Cambridge Econometrics Limited with 3s as one of the core partners.